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Jan 17, 2013
01/13
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MSNBCW
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you can't afford to watch the failed states allow for this type of dangerous environment to fester. >> that's what happened in afghanistan. it left this opening for -- >> absolutely. always comes back to haunt the larger strategic interests. not just militarily but politically, economically, socially. >> absolutely. thank you very much. great pleasure having you on. thank you. >>> we are still waiting to hear from the notre dame line backer, manti te'o after the football star claimed that he was the victim of a cruel and elaborate joke with a girlfriend that never existed. this story is a straight-up lifetime movie. >> the single most trusting human being i ever met will not be able to trust again in the same way in his life. that's incredible tragedy. >> but the question is, was te'o in on this hoax? the edge of sports dave zirin is following every single detail. he will join us with the latest. we know where te'o is reportedly this hour. >>> here's a look at how the dow is shaping up, up 120 points. we'll be right back. ♪ [ construction sounds ] ♪ [ watch ticking ] [ engine revs
you can't afford to watch the failed states allow for this type of dangerous environment to fester. >> that's what happened in afghanistan. it left this opening for -- >> absolutely. always comes back to haunt the larger strategic interests. not just militarily but politically, economically, socially. >> absolutely. thank you very much. great pleasure having you on. thank you. >>> we are still waiting to hear from the notre dame line backer, manti te'o after the...
SFGTV2: San Francisco Government Television
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Jan 17, 2013
01/13
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SFGTV2
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to provide real value to you such as saving money, improving energy efficiency, and protecting the environment. so, the green button here we are in san francisco, i can say with some public comfort that pg&e is a signatory to the green button, download my data. and basically you go to the utility website. you can download your own green button data which by itself is, well, i'm an energy guy, an energy geek. i consider with confidence. it is not interesting, necessarily, but when you take your green button data and you give it to some companies, they have amazing things they can do with that green button to, again, save you money. something as simple as if you look at your green button which is kilowatt hours for those that are engineering minded, a line grab if you think about t some companies today can look at your green button and figure out if your refrigerator is broken function need a new air conditioner. that's real money if you think about it at a commercial or industrial scale. that is one data set. to your other question about what is the federal government doing, we're seeking not j
to provide real value to you such as saving money, improving energy efficiency, and protecting the environment. so, the green button here we are in san francisco, i can say with some public comfort that pg&e is a signatory to the green button, download my data. and basically you go to the utility website. you can download your own green button data which by itself is, well, i'm an energy guy, an energy geek. i consider with confidence. it is not interesting, necessarily, but when you take...
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Jan 17, 2013
01/13
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CNBC
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even in this low environment how do you do it? what's the plan? >> you do more deposits, more loans. in fact, last year our net interest income, the difference between what we get on the loans versus what we pay on deposits, an endless margin, dropped 18 basis point but we actually grew net interest income so you do more, and we've dealt with this low rate environment before. do i think rates are too low? yes. a lot of monetary stimulus, but we're able to operate in that environment, and it's been a real bargain for borrowers. on the other hand, savers have paid a real price. >> how do you offset that knowing that it's become tougher to make money in banking? >> well, this year we grew revenues by 6% quarter over quarter from a year ago and 6% you took the whole year. almost all of it on the non-interest income side. half of our revenues come from fee for services, mortgage brokerages, other things so we don't only live on the margin, if you will, so think of a company that can produce those kind of revenue numbers with no help from the margin or
even in this low environment how do you do it? what's the plan? >> you do more deposits, more loans. in fact, last year our net interest income, the difference between what we get on the loans versus what we pay on deposits, an endless margin, dropped 18 basis point but we actually grew net interest income so you do more, and we've dealt with this low rate environment before. do i think rates are too low? yes. a lot of monetary stimulus, but we're able to operate in that environment, and...
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Jan 17, 2013
01/13
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CNBC
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and then the mortgage re-phi boom in this interest rate environment has been a boom in the past couple of years. those are going to expire at some point. with interest rates where they are, it's difficult for the banks on margin. there's no question the banking system is much stronger, earning better and is has much higher capital and liquidity than it's had probably forever almost. >> you know, well, that's quite a statement because there's a lot of people who would still say banks shouldn't necessarily be turning around and handing capital back to shareholderses. would you agree that given the improvements we've made, it's time for them to be allowed to go forward? >> i think that the banks have accumulated so much capital and that they really don't have a good use for it in light of the lack of qualified loan demand. i'm not saying lack of loan demand because there's a lot of loan demand. but the credit standards are much higher and you don't have much to do with the capital. so you have to give it back if you don't need it. i'm talking about toous banks. it's not true around the wo
and then the mortgage re-phi boom in this interest rate environment has been a boom in the past couple of years. those are going to expire at some point. with interest rates where they are, it's difficult for the banks on margin. there's no question the banking system is much stronger, earning better and is has much higher capital and liquidity than it's had probably forever almost. >> you know, well, that's quite a statement because there's a lot of people who would still say banks...
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Jan 17, 2013
01/13
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CNBC
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can that last in this environment? >> i mean look banks have a long way that they fell and they've had a long pathway back to something circa 2006-2007. they sri lankan as a percentage of market gap in the s&p. they are no longer dominant. that's all for the best. we have a much more diversified market. we should. i wouldn't say that the banks need to lead this matter. they've done very well. >> who is going to lead the market? >> i think you'll have a market without leadership but that doesn't mean a market that doesn't go up. you have multiple sectors of strength. technology. be inning to see how amazon does. you have a global economy growing modestly. >> are you worry about apple? >> as a company? no. am i concerned about apple as a stock at 500, i will be glad if we talked less about apple. it's one company amongst many. anybody in silicon valley has to be worried about the fact that their franchise is of extremely short duration. >> boeing. this boeing story is creeping up, getting worse on a daily basis. would yo
can that last in this environment? >> i mean look banks have a long way that they fell and they've had a long pathway back to something circa 2006-2007. they sri lankan as a percentage of market gap in the s&p. they are no longer dominant. that's all for the best. we have a much more diversified market. we should. i wouldn't say that the banks need to lead this matter. they've done very well. >> who is going to lead the market? >> i think you'll have a market without...
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Jan 17, 2013
01/13
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CNBC
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it is a tough environment for luxury as people trade down and start looking for bargains. joining us is susan lyne, chairman of gilt.com. she's also the former president and ceo of martha stewart living. also on set with us this morning our guest host, mellody hobson. susan thank you for joining us this morning. >> thank you. >> i checked out gilt.com and i have to say, these are great brands at great prices. >> it is. >> how do you offer some of the bargains you're offering? >> you know, we've got long relationships now, we're about five years old, with many of the top brands, and they realize this is a great way for them to sell excess inventory and everyone has excess inventory because these are event-based sales. they're quick. and consumers love them. >> i've seen you run out of stock quickly on these things. buy it now or it's gone type of situation. >> yep. >> is it a difficult environment for luxury right now? is that a fair estimation? >> our sector has had a fantastic holiday. we were up over 30% on gilt.com. >> but you're talking about bargain prices, where peop
it is a tough environment for luxury as people trade down and start looking for bargains. joining us is susan lyne, chairman of gilt.com. she's also the former president and ceo of martha stewart living. also on set with us this morning our guest host, mellody hobson. susan thank you for joining us this morning. >> thank you. >> i checked out gilt.com and i have to say, these are great brands at great prices. >> it is. >> how do you offer some of the bargains you're...
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Jan 17, 2013
01/13
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CNBC
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i actually feel the environment is still tough, maybe getting more friendlives can i ask you about the rally we've had generally? it's notable that goldman sachs has outperformed both the ac and citi with an 18% rise in the stock over the last month. today, of course, you downgraded goldman sachs in the light of that move. where are you on the sort of share price movement that is we might see in those three and oats moves forward? >> to see additional up side in a broker dealing, you have to see the economy get better. that could happen. i'm hoping it will happened. i'm just not sure if this is the time to put new money into goldman sachs, if we're sure not sure that will play its way out. it's just a matter of, how long does it take for the uncertainty to get out of the way, so companies can get back to making acquisitions. >> jeff, do people give you a hard time when you cut the ratings and yet boost the price targets? that gets made fun of a lot. >> yeah, we do get some for it. the price target increase, it's very form layically driven. what our pick it into our what it's done over
i actually feel the environment is still tough, maybe getting more friendlives can i ask you about the rally we've had generally? it's notable that goldman sachs has outperformed both the ac and citi with an 18% rise in the stock over the last month. today, of course, you downgraded goldman sachs in the light of that move. where are you on the sort of share price movement that is we might see in those three and oats moves forward? >> to see additional up side in a broker dealing, you have...
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Jan 17, 2013
01/13
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FOXNEWSW
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what's the most insidious thing that happens when people stay too long out of the work environment, they lose relevance. if you are out of work for a very long time, number one, it's harder for you to find a job. you lose relevance. you lose the connections. and you lose job skills. that is the worst thing. >> gretchen: or you just hope than employment insurance will go on forever and ever. >> that saps the soul. people want to work. and when they've been out of work for so long, the computer on their desk will have changed in six months time. our world is changing so rapidly, the best way to get a job is to have a job already, number one. but if you can, stay current with your skills so that you can get back to the work force when the opportunities arise, which again, goes to the basic point. the problem with this economy is that we are not growing jobs and we're not creating jobs. that's the biggest problem in this economy. >> steve: that's why we had good news yesterday where wal-mart announced they were going to hire 100,000 vets, private industry helping us out. ' line, always a ple
what's the most insidious thing that happens when people stay too long out of the work environment, they lose relevance. if you are out of work for a very long time, number one, it's harder for you to find a job. you lose relevance. you lose the connections. and you lose job skills. that is the worst thing. >> gretchen: or you just hope than employment insurance will go on forever and ever. >> that saps the soul. people want to work. and when they've been out of work for so long,...
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Jan 17, 2013
01/13
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CNNW
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what creates that environment? >> right, you don't notice when you place yourself in a permissive environment. let's take the case of infidelity. let's say that you believe you would never cheat on your spouse. it's okay to go to the all girls's singles bar because that would never be something thaw would do. but once you arrive in the situation there is all these temptations and maybe you have a drink or two and do something outside of the bounds of what you anticipated. after the fact, your beliefs actually change about what infidelity means and you revise your beliefs so you are more lenient. this is the kind -- >> you talk environment and want to turn to the psychology to my right, dr. paula bloom. it's also a group mentality thing. when i think academics and you are sitting in a class and it's a group cheat. if someone else is doing it, it's okay. >> right. when it comes to academics, it's a few things. i'm not getting an unfair advantage. i'm leveling the playing field. it's justified. what she was saying is
what creates that environment? >> right, you don't notice when you place yourself in a permissive environment. let's take the case of infidelity. let's say that you believe you would never cheat on your spouse. it's okay to go to the all girls's singles bar because that would never be something thaw would do. but once you arrive in the situation there is all these temptations and maybe you have a drink or two and do something outside of the bounds of what you anticipated. after the fact,...
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Jan 17, 2013
01/13
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WBAL
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it allterred the local environment here. >> reporter: in the mississippi river, asi carp wipe out nati native fish. in the great lakes, zebra mussels are the problem. today, the challenge, contain invasive species before they get out of control. >> this problem is extremely serious and can cause environmental harm, economic harm, and harm even to human health. we're talking about over $100 billion worth of damage to the u.s. economy every year. >> reporter: for now, it's unclear what, if any damage, will occur in the pacific northwest. but tonight the experts don't like what they see. miguel almaguer, nbc news, san francisco. >>> when we come back, a big birthday for the first lady, though not the big one. and she celebrates with a new look. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. a body at rest tends to stay at rest... whi
it allterred the local environment here. >> reporter: in the mississippi river, asi carp wipe out nati native fish. in the great lakes, zebra mussels are the problem. today, the challenge, contain invasive species before they get out of control. >> this problem is extremely serious and can cause environmental harm, economic harm, and harm even to human health. we're talking about over $100 billion worth of damage to the u.s. economy every year. >> reporter: for now, it's...
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Jan 17, 2013
01/13
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FBC
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[ laughter ] which is great if there is an inflationary environment? >> if one can buy money at a fixed rate, i would certainly urge them to. in my view, interest rates will certainly be going higher over the next decade or two. these interest rates are absurd and will not last. why would i buy land? because agriculture will be one of the most exciting parts of the economy for the next 20 or 30 years. you should learn how to drive a tractor. dagen: i know how to drive a tractor. i probably learned before you did. talk to me about the treasury rates, real quick. when will this come home for us as a nation because, again, congress and our lawmakers are getting a free pass and not doing anything about our long-term financial situation because we can still borrow at such low rates? >> it is because the federal reserve is in their buying bonds. this is an artificial development right now. something that is artificial, it comes home to haunt them eventually. the problem, i am sure -- the problem, dagen, there may be more turmoil coming in the currency market
[ laughter ] which is great if there is an inflationary environment? >> if one can buy money at a fixed rate, i would certainly urge them to. in my view, interest rates will certainly be going higher over the next decade or two. these interest rates are absurd and will not last. why would i buy land? because agriculture will be one of the most exciting parts of the economy for the next 20 or 30 years. you should learn how to drive a tractor. dagen: i know how to drive a tractor. i...
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Jan 17, 2013
01/13
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KQED
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it's not an environment so different that all of these things are going to happen. and an assault weapons ban is sill a heavy lift. remember, the assault weapons ban we had had a lot of loopholes in it. but the other elements, it's just a different world. and i think national rifle association is no longer supreme in the same way and many of their own members i think are going to start to feel differently. when you get a joe manchin of west virginia coming out and saying "i hunt, i don't need more than three bullets in a magazine" and you get other long-standing strong proponents of the second amendment saying it's time for some changes, we're moving into a different world. >> brown: david kopel, do you think the politics have changed here or do you expect -- well, there certainly will be challenges legislatively. will there also be challenges legally? >> there will certainly be legal challenges because one important thing -- the way things have changechanged is we now have the supreme court having affirmed that the second amendment is an individual right and the co
it's not an environment so different that all of these things are going to happen. and an assault weapons ban is sill a heavy lift. remember, the assault weapons ban we had had a lot of loopholes in it. but the other elements, it's just a different world. and i think national rifle association is no longer supreme in the same way and many of their own members i think are going to start to feel differently. when you get a joe manchin of west virginia coming out and saying "i hunt, i don't...
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Jan 17, 2013
01/13
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KQED
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consumers large and small rely on back up generators, at huge cost to both the environment and economy says energy expert kirit parikh. he traces the problem to policies that never really took into account the cost of power and gave it away to some consumers >> we started out with saying farmers should get cheap and free electricity. this was 30 years ago when we wanted farmers to really adopt more modern technologies, it was considered a good way to promote green revolution. >> reporter: power was distributed cheaply or free to farmers and other groups who's votes politicians courted. little effort was made to meter it. that prompted many people to hook themselves up, illegally. parikh says a third of all power is stolen off the grid. >> of the generated electricity is not charged to anyone. >> reporter: with little new money coming in, public utilities haven't been able to expand capacity or to buy enough fuel like coal or natural gas-- both in short supply anyway. power must be rationed but some regions overdraw their allotment. that can cause the system to shut down, or as it did l
consumers large and small rely on back up generators, at huge cost to both the environment and economy says energy expert kirit parikh. he traces the problem to policies that never really took into account the cost of power and gave it away to some consumers >> we started out with saying farmers should get cheap and free electricity. this was 30 years ago when we wanted farmers to really adopt more modern technologies, it was considered a good way to promote green revolution. >>...
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Jan 17, 2013
01/13
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WJZ
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consumers large and small rely on back up generators, at huge cost to both the environment and economy says energy expert kirit parikh. he traces the problem to policies that never really took into account the cost of power and gave it away to some consumers >> we started out with saying farmers should get cheap and free electricity. this was 30 years ago when we wanted farmers to really adopt more modern technologies, it was considered a good way to promote green revolution. >> reporter: power was distributed cheaply or free to farmers and other groups who's votes politicians courted. little effort was made to meter it. that prompted many people to hook themselves up, illegally. parikh says a third of all power is stolen off the grid. >> of the generated electricity is not charged to anyone. >> reporter: with little new money coming in, public utilities haven't been able to expand capacity or to buy enough fuel like coal or natural gas-- both in short supply anyway. power must be rationed but some regions overdraw their allotment. that can cause the system to shut down, or as it did l
consumers large and small rely on back up generators, at huge cost to both the environment and economy says energy expert kirit parikh. he traces the problem to policies that never really took into account the cost of power and gave it away to some consumers >> we started out with saying farmers should get cheap and free electricity. this was 30 years ago when we wanted farmers to really adopt more modern technologies, it was considered a good way to promote green revolution. >>...
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Jan 18, 2013
01/13
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CSPAN
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for the environment? for climate? for science? for technology? we are getting the government. this is the hard truth. what is going to happen in two months is to solidify this. nobody is speaking out for the government. we're talking of protecting the few entitlements -- that is the rearguard action. do not kill everything. but we'll squeeze into nothing. you are absolutely right -- the top cannot pay. they have been given every way to get their money out tax-free. it is trillions of dollars that have been lost, in addition to what has been wasted. [applause] >> it is about to get fun. if i can get some quick responses -- i want to come to you. jeffrey sachs said a moment ago -- there is a bipartisan consensus that the port chester not matter. they end up being more and more invisible -- the port just do not matter. they end up being more and more invisible. talk about a guy like in johnson who in doing what he did make it clear that he knew he was writing off the south for the next 30 years of pushing the programs he pushed, the war on poverty, the civil rights act. let me as
for the environment? for climate? for science? for technology? we are getting the government. this is the hard truth. what is going to happen in two months is to solidify this. nobody is speaking out for the government. we're talking of protecting the few entitlements -- that is the rearguard action. do not kill everything. but we'll squeeze into nothing. you are absolutely right -- the top cannot pay. they have been given every way to get their money out tax-free. it is trillions of dollars...
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Jan 17, 2013
01/13
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CSPAN
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also mean by a more balanced growth, growth that is more compatible with the sustainability of our environment and the fight against climate change. what does the need for us? i remind you that, in 2013, the imf is stronger, better equipped financially. it has certainly refined some of its tools. we'll continue to strengthen our surveillance, especially on spillover effects and on the financial sector. we will continue to strengthen our support for the entire spectrum of members through lending, capacity building, training and technical assistance. in other words, we're not only serving the needs of a selected group of companies -- a group of countries, but the entire membership. when you look at the world and see where our teams are, where there is building and technical assistance in programs, we are all over the map. and we will continue to push ahead with the important and not complete reform of " and governance. we are in three stages, two are completed. we are certainly short of a few members, one of which is obviously a key member. that is all everyone into open bar conference with. i w
also mean by a more balanced growth, growth that is more compatible with the sustainability of our environment and the fight against climate change. what does the need for us? i remind you that, in 2013, the imf is stronger, better equipped financially. it has certainly refined some of its tools. we'll continue to strengthen our surveillance, especially on spillover effects and on the financial sector. we will continue to strengthen our support for the entire spectrum of members through...